From Bezos to Ryan Reynolds, $16 Billion in Teams Are Stoking Buyers
Scarcity brings desirability. Consider: there are some 2,700 billionaires in the world. That’s an elite group, but every one of them could own an apartment overlooking…
Team Sale
NWSL Faces Murky Expansion Market in Wake of Yates Report
Among the fallout from the Sally Yates-led investigation into women’s soccer—and the NWSL in particular—is the possibility of changes in ownership for as many as three…
PHF’S Toronto Six Sold as League Continues Move to Single-Team Ownership
The Premier Hockey Federation’s Toronto Six has been sold by its Boston-based ownership group, BTM Partners, to a group of the league’s first BIPOC and Canadian…
Washington Spirit Sell for Record $35 Million to Michele Kang
The reigning NWSL champion Washington Spirit has sold for a record $35 million to Y. Michele Kang, according to people familiar with the deal, marking the end of a long…
NWSL’s D.C. Spirit Sale: ‘Coup, Lies’ Baldwin Says in Letter
The contentious dispute over the sale of the Washington Spirit women’s soccer team grew even more heated Wednesday, as the NWSL team’s controlling owner, Steve Baldwin…
Boehly, Kang Standoff Over D.C. Team Sale Heads to League Office
The sale of the NWSL’s Washington Spirit took another abrupt turn this week, lengthening a saga that began with a league-altering abuse scandal before turning to…
Prime
Cubs ‘Disguised Sale’ Leads to Tax Court Loss for Tribune Media
The U.S. Tax Court recently resolved a multiyear and multifaceted dispute between Tribune Media and the Internal Revenue Service over a tax return filed more…
Atlanta Dream’s Loeffler Out After Sale to Real Estate Exec, Former WNBA Star
Larry Gottesdiener, chairman of real estate private equity firm Northland; former Dream star Renee Montgomery; and Northland president and COO Suzanne Abair have…
NBA Players Want Equity In Teams, Union Head Roberts Says
NBA players want to be equity partners in the league and will likely pursue that option during the next round of labor negotiations, according to Michele Roberts…
If Lockdowns Return, $4B to $6B in Team LP Interests Could Turn Over Within the Next 12 Months
With the number of U.S. coronavirus cases spiraling out of control and widespread access to a vaccine months away (even if the FDA were to approve one before the end of…
Ryan Reynolds and Rob McElhenney Win Welsh Club in Test of Media Value
Actors Ryan Reynolds and Rob McElhenney are acquiring a fifth-division English soccer club, and plan to use their own stardom—and a new documentary series—to promote the…
Exclusive
NFL Preparing for Owners To Restructure As Election, Possible Tax Changes Loom
The NFL is gearing up for the possibility that teams may rush to make ownership changes before the end of the year. The league sent a memo Wednesday to executives at all…
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